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Which bank gives a bonus for opening an account?

Published in Bank Bonuses 2 mins read

Several banks offer bonuses for opening an account, including SoFi Checking and Savings and Chase Total Checking®. These promotions can provide significant incentives, with potential bonuses reaching up to $3,000.

Banks Offering Account Opening Bonuses

When looking for a new bank account, a bonus offer can be a great way to add extra value. The best bank bonuses often come from a variety of institutions, including online-focused banks and traditional financial giants.

Here are some of the banks known for their attractive account opening bonuses:

Bank/Institution NerdWallet Rating Best For
SoFi Checking and Savings 4.5/5 Checking and Savings Account Bonus Offers
Chase Total Checking® 4.6/5 Checking Account Bonus Offers

Key Details to Consider

  • SoFi Checking and Savings is highly rated for its combined checking and savings account bonus offers, making it a strong contender for those looking for a comprehensive banking solution with an incentive. SoFi Bank, N.A., Member FDIC.
  • Chase Total Checking® is noted specifically for its checking account bonus offers. As a large, established bank, Chase provides a wide range of services along with its promotional incentives. Chase, Member FDIC.

Maximizing Bank Bonuses

To successfully earn a bank bonus, it's important to understand the specific requirements, which often include:

  • Minimum Deposit: Many bonuses require an initial deposit of a certain amount within a specified timeframe.
  • Direct Deposit: A common condition is to set up qualifying direct deposits totaling a particular sum over a period.
  • Maintaining Balance: Some offers might require maintaining a minimum average daily balance for a set number of days.
  • Debit Card Transactions: A certain number of debit card purchases might be necessary.

Always read the terms and conditions carefully before opening an account to ensure you meet all criteria to qualify for the bonus. These offers are typically available for a limited time and may vary.